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EMI Calculator

HOME LOAN  EMI Calculator

One of the most integral parameters in deciding your home loan is the equated monthly instalment (EMI) that you will have to make against your housing loan. All kinds of home loans require you to pay EMIs. This is where a Housing Loan Emi Calculator comes in handy. It is an automated system which helps you calculate home loan EMI. A clear knowledge of the amount which you will have to bear every month will assist you to make a more informed decision. This home loan EMI calculator will thus help you approximate your financial requirements. Based on your Home Loan tenure and interest rates, the housing loan EMI calculator will also help you to best understand the ratio of the principal amount to the interest due. The amount of interest in your EMI will be greater in the initial months and will eventually reduce with each and every EMI paid. Thus, whilst your EMI amount remains the same, the ratio of principal to interest in your EMI will change over a period. With each successive payment, you will pay more towards the principal and less in interest. Please note that the Home Loan EMI calculator has been created to give you an approximate understanding and should not be considered as absolute.
  • Loan Amount ()
    Loan Amount
  • Tenure (Years)
    Tenure (Years)
  • Interest Rate (%)
    Interest Rate (%)
Your Monthly Loan EMI is
  • • What is Home Loan EMI?

    Equated Monthly Instalment (EMI) is a fixed amount paid by a borrower to a lender on a particular date every month for the tenure of the loan. Home Loan EMI becomes a very important factor in deciding your home loan. It is the repayment of the principal amount as well as the interest on your outstanding home loan amount as per the amortization schedule. (Please see below to understand what an amortization schedule is.)

  • • What does a Home Loan EMI Calculator do?

    Home loan EMI calculator helps you to calculate your home loan EMI based on the loan amount, the tenure for which you are taking a loan and the interest rate that is levied on the amount that is borrowed.

  • • How do I calculate EMI on Home Loans?

    To calculate EMI on Home Loans, you need to know your principal amount, the tenure of the loan and the rate of interest. You can use our EMI calculator for home loan and get an approximate amount.

    This is how EMIs are calculated:

    EMI = [P*R (1+R)^n] / [(1+R)^n-1]

    Where P = Principal Amount

    n = Number of monthly instalments

    R = Rate Of Interest

  • • What is Home Loan Amortisation Schedule?

    The Home Loan Amortisation Schedule is a table which shows the timely payments made towards a loan. It includes all the important information related to home loan repayment like the outstanding balance, the loan amount and the payments that have been lined up.

  • • What are the benefits of partial payments on EMI?

    Partial Payment is when you repay a part of your home loan earlier than scheduled. This helps lower your outstanding principal amount which consequently reduces either your EMI or the tenure of EMI.

  • • What are the tax benefits of getting a home loan on EMI??

    Under Section 80C of The Income Tax Act, the deduction on principal repayment of your home loan can be claimed to a maximum of Rs.1.5 lakhs.

    Under Section 24B, you are allowed for a tax deduction on the interest that is to be paid up to Rs.2 lakhs.


  1. 1. New Home Loan : Buying a home for yourself is a big achievement in your life. But one things which stops many people from owning a home is the tedious process for obtaining a home loan in India. The procedure at Indiabulls to avail a home loan is the complete opposite of tedious. It is time saving and simple with complete assistance of our experienced staff. All the important components are taken care of. A fast paced approval process, best interest rates, maximum benefits, loans for NRIs, online management of loan account, doorstep services are some benefits from a plethora of them.

  2. 2. Home Loan Balance Transfer : Home Loan Balance Transfer is a unique home loan option from Indiabulls. When you take the decision of buying your dream home it is also important to choose a trustworthy home loan partner. If you have an existing home loan you can easily transfer is to Indiabulls Home Loans. The loan can be either from a private or a foreign bank. We also accept loans from banks such as Scheduled Commercial Banks (SCBs), Housing Finance Companies (HFCs) registered with National Housing Bank (NHB).
    By partnering with us you can avail lower interest rates, lower EMIs, and top-up on the loan amount. Once we are your home loan partner we strive to give you the best of services by providing you a convenient and comfortable home loan options.

  3. 3. Loan Against Property (LAP) : As the name suggests, Loan against Property is a loan which you can avail by keeping your business or residential property as a mortgage. The Indiabulls LAP loan makes it easier for you to invest in your business. As we take the onus of helping you with your loan and providing a stable income, you can focus entirely on your business without any stress.
    We offer you the best mortgage loan rates. You can avail the loan from Indiabulls with maximum finance against the market value of your property. To ease out the process we also provide you with doorstep service to resolve all your queries regarding the loan. One key benefit of availing a LAP loan with us is that you can unlock the property value to generate funds while retaining your property. Following are the properties eligible for a LAP loan.
    • • Small and mid-sized businesses
    • • Partnership firms
    • • Self-employed professionals
    • • Private or closely held companies

  4. 4. Home Loans for NRIs : We offer Home Loans for NRIs from Dubai and UK. With offices in both these countries, we bring our services closer to you instead of you coming to us. We assist you in every step of the process. From choosing a property in India to helping you with filing the relevant documents, selecting the appropriate EMI option to choosing a tenure we are with you from start to end. If you wish to come down to India and approach us then you can visit any of our 220 branches all over the country.
    We make sure that you invest in the right kind of property for better returns. Our priority is to make your application process simple and hassle-free. If you wish to buy a property or build one, we help you with all your needs. If you dream of owning a home in India, then Indiabulls is totally at your disposal to make that dream come true.

  5. 5. Rural Home Loans : Always dreamt of retiring in a rural place or have a house in a beautiful village where you can go to break the monotony of city life? It is one of the best feelings in the world to have a home in a village and live in the rural charm. A perfect getaway to recharge oneself. Say the word and Indiabulls Rural Home Loans will make your wish come true. If you are someone who owns an agricultural land which is yielding then we help you getting the best EMI and loan tenure based on your land and its yield. Our process is transparent and there are no hidden charges. We also give you the option to select a flexible loan tenure according to your convenience.

  6. 6. Plot Loans : With our Plot Loans, you can now make your wish come true of owning a plot of land under your name. Many people today want to buy a plot of land and build a home of their dreams. When you have your own plot you have the flexibility to build a house on your land at the pace you want. We help you with the acquisition of your land to availing the loan for it. All your doubts about how to apply for a plot loan to what kind of documents are required for submission is taken care off by Indiabulls. Our online application process is a swift way to avail a plot loan.

  7. 7. Home Improvement Loans : As it is said, home is where the heart is. So you would want your home to be the place where you come back and feel like your own self. A home which is a reflection of who you are in every way. With our Home Improvement Loans, you can renovate your house and convert it into a place which defines you.
    Give your house a swanky makeover, or turn it into a peaceful haven. Give the house a new soul and make it a comfortable living space for everyone. Add every tiny detail you always wanted in your house. The choice is yours and Indiabulls is here to help you spruce up your house and make it as good as new.

  8. 8. Home Extension Loans : Just as you walk ahead in life you meet more and more people. Some become a part of your family and friends. Whether you want to throw a big party at your house or want to welcome a new member in the family, you would need extra space if the current spaces is less. With our Home Extension Loan, you can finally have room for your kids, or a separate study room for yourself, or a party area for social gatherings. No Matter the reason an extension to your existing spaces is a call for new beginnings.
    Avail our Home Extension Loans and fulfill the growing needs of your house.


Take the first step to finding your dream home. With an Indiabulls home loan, you can avail both tax benefits & save on rent. Some of the benefits of our home loans include:

  • Approval on loan even if you are yet to select your property

  • Quick processing and disbursal of loan

  • Balance transfer with reduced interest rates & EMIs
To apply for a loan with Indiabulls Home Loans, click on the below button.
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